TimesSquare Capital Management LLC Makes New $62.06 Million Investment in Cintas Corporation $CTAS

TimesSquare Capital Management LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 364,868 shares of the business services provider’s stock, valued at approximately $62,057,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nemes Rush Group LLC acquired a new position in shares of Cintas in the 4th quarter worth approximately $25,000. First United Bank & Trust purchased a new position in shares of Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC increased its holdings in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares during the last quarter. Swiss RE Ltd. acquired a new stake in Cintas in the 4th quarter valued at approximately $25,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas in the fourth quarter valued at approximately $26,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Cintas stock opened at $197.82 on Tuesday. The firm has a market cap of $79.16 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.87. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $189.33 and its two-hundred day moving average is $184.70.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is 55.61%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. UBS Group reissued a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.